Creation of Debt. Create, incur, assume or suffer to exist, or permit Guarantor to create, incur, assume or suffer to exist, any Debt except Permitted Debt.
Appears in 3 contracts
Samples: Revolving Credit Loan Agreement (Orleans Homebuilders Inc), Revolving Credit Loan Agreement (Orleans Homebuilders Inc), Revolving Credit Loan Agreement (Orleans Homebuilders Inc)
Creation of Debt. Create, incur, assume or suffer to exist, or permit Guarantor to create, incur, assume or suffer to exist, any Debt except Permitted Debt. No Debt shall be Permitted Subordinated Debt unless each of the following conditions is satisfied.
Appears in 1 contract
Samples: Revolving Credit Loan Agreement (Orleans Homebuilders Inc)